Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities.
$0.00034911
-3.96%
SPOT
PERPETUALS
FUTURES
- Rank #354
- Market Cap
-3.87% $64,243,710
- 24H Spot Volume
2.90% $30,391.11
- 24H Volume / Market Cap
-
- Circulating Supply
184,020,000,000.00
- Total Supply
184,066,828,814
- Max Supply
184,470,000,000.00
- Fully Diluted Valuation
$64,400,811
- API ID bytecoin
- Project Start Date Jul, 2012
- Contracts & Explorer(s) https://explorer.bytecoin.org/
- Websites Website
- Links
About BCN
Bytecoin (BCN) is a cryptocurrency based on the CryptoNote technology with an open source code designed for anonymous cash settlement.
Expand
Related News
Latest News
More 
8 Hours Ago US Space Force Major Suggest Bitcoin's Role in National Defense and Cybersecurity
12 Hours Ago Nostr Developer Warns Users That NostrAssets Is a Scam, Nostr Assets Protocol Disagrees
16 Hours Ago Bitcoin Rises Above $40,000, Researches Predict Price Above $100,000 Next Year
3 Days Ago Botanix Labs Launches EVM-equivalent Bitcoin Layer 2
3 Days Ago AntPool Agrees to Refund Accidental $3 Million Bitcoin Transaction Fee

Use TokenInsight App All Crypto Insights Are In Your Hands
Open